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New Deal


Announced

Highview Capital-backed Watterson to acquire Bassett Creek Services from Gladstone.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private Equity

Maintenance Repair and Overhaul (MRO)

Private

Majority

Single Bidder

renovation services

Friendly

United States

Domestic

Acquisition

restoration services

Synopsis

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Highview Capital-backed Watterson, a national facility services company, agreed to acquire Bassett Creek Services, a provider of restoration and renovation services, from Gladstone, a private equity firm. Financial terms were not disclosed. "Over the past four years, we’ve built Basset Creek Services into one of the nation’s leading restoration and renovation services platforms through our unwavering focus on consistently delivering excellence to our customers. This partnership between BCS and Watterson will allow us to build the national leader in restoration recovery services while providing continuity for our customers, brands, and employees," Daniel O’Brien, Bassett Creek Services CEO.

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